Item B: Tax Levy for Pavement Preservation

Home Browse Search

In early January, a survey was conducted to determine the attitudes of likely voters towards the proposed bond measure and other street funding sources. Citizens were asked a series of questions about the importance of street repairs versus other City services, the potential funding solutions and costs for the average taxpayer, and the relative importance of components of the street, bike and pedestrian transportation system. A summary of the survey results will be presented at this meeting so that the council may use that information when considering how to structure the bond measure. RELATED CITY POLICIES The council’s goals for 2007 include “Transportation Initiative: Develop mechanisms to adequately fund our transportation system for cars, trucks, bikes and pedestrians including maintenance and preservation and capital reconstruction.” COUNCIL OPTIONS The City Council has before it several policy decisions related to the size of the measure, restrictions on uses of the revenue and timing for the ballot measure: ? Measure size: The council recommended $6.5 million of spending in the first year, adjusted for inflation, for a total measure of $81 million. The City Council could choose a different amount for the bond measure. Attachment C includes the effect on taxpayers from different bond amounts. ? Project list: A proposed project list to be included in the measure is provided as Attachment A. The council could modify the project list or adopt other measure language as deemed appropriate. ? Timing of the ballot measure: Current direction is for a May measure. The council could reconsider placing this issue on the ballot for the November 2008 election, based on factors previously outlined. CITY MANAGER’S RECOMMENDATION The City Manager recommends that a GO Bond measure to fund $81million of pavement capital preservation projects ($6.5 million plus inflation annually) over 10 years should be prepared for the May 2008 ballot. The resolution placing the measure on the ballot should include a high profile project list and incorporate any additional language as directed by the council at this meeting. SUGGESTED MOTION Direct the City Manager to bring a resolution placing an $81 million GO bond measure on the May 2008 ballot, consistent with the proposed project list included as Attachment A. ATTACHMENTS A. Proposed List of High Profile Projects to be Included in the Bond Measure B. Map of High Profile Projects Included in Bond Resolution C. Impact on Taxpayer from Different Bond Amounts F:\CMO\2008 Council Agendas\M080128\S080128B.doc